From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, …
Million
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Markets
SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading bots
by shayaanby shayaanFuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading. www.coindesk.com
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The crypto exchange’s investment arm and Korea Investment & Securities will each invest KRW 80 billion ($53 million) as Coinone pushes into …
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Markets
Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million
by shayaanby shayaanA massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough …
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Smart Contracts
Google Engineer Charged Over $2.75 Million in Alleged Polymarket Insider Trading Bets
by shayaanby shayaanIn short A Google employee was indicted for alleged Polymarket transactions using private data. The CFTC also filed a civil case seeking …
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Markets
Diverging trends: Ether slides below $2,000 while futures open interest hits record high of 16 million ETH
by shayaanby shayaanEther drops below $2,000 amid heavy selling pressure, yet futures open interest hits a record high. This divergences suggests aggressive shorting. www.coindesk.com
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Markets
BlackRock's bitcoin ETF sheds $528 million, the second-largest daily outflow on record
by shayaanby shayaanIBIT recorded its second-biggest single-day net outflow since launch on Wednesday, missing a January record by less than half a million dollars, …
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Markets
Block kicks off Cash App’s phased stablecoin roll out to its nearly 60 million users
by shayaanby shayaanAn individual familiar with the matter told CoinDesk the stablecoin feature was rolled out to 25% of users already and by the …
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The fintech platform says its dollar-backed stablecoin will let members trade, transfer and eventually earn yield through its banking app. www.coindesk.com
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Industry-backed PACs supported Democratic and Republican candidates alike, underscoring digital assets’ growing role as a cross-party electoral force. www.coindesk.com